For the prior three years, sales for California Cement Company have been $20,011,000 (2009), $21,167,000 (2010), and $22,923,000 (2011). CCC uses the prior two year’s average growth rate to predict the coming year’s sales. What were the sales growth rates for 2010 and 2011? What is the expected sales growth rate using a two-year average for 2012? What is the sales forecast for 2012?
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